JMMB Group Obtained Regulatory Approval for Another DomRep Acquisition

JMMB Group Limited (JMMBGL) through its Dominican Republic subsidiary, JMMB Holding Company Limited, has obtained regulatory approval for the acquisition of 90% of shares of Banco Ahorro y Credito Rio. Banco Ahorro y Credito Rio (Banco Rio) is a savings and loans bank, in accordance with the Financial and Monetary Law of the Dominican Republic. They are licensed to provide: consumer loans; loans to small and medium enterprises (SMEs); commercial loans; credit cards; cambio services; savings account and certificates of deposit.